........Why should broking houses like JM Financial or a Tourism Finance Corporation or an infra company like SREI Infra want to start a bank? Why should India Post, which runs a fairly inefficient postal service and a shoddy postal savings scheme, think it can run a bank? The RBI has been busy trying to circumscribe gold loan companies from expanding their operations, but that hasn’t stopped Muthoot Finance from throwing its hat into the ring. Maybe, just maybe, the Muthoots of the world want to become banks merely because the RBI is not so nice to gold loan companies............
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